64 Zuckerberg had already stated that he did not want to sell the company, and denied rumors to the contrary. 65 On March 28, 2006, businessweek reported that a potential acquisition of Facebook was under negotiation. Facebook reportedly declined an offer of 750 million from an unknown bidder, and it was rumored the asking price rose as high as 2 billion. 66 In September 2006, serious talks between Facebook and Yahoo! Took place concerning acquisition of Facebook, with prices reaching as high as 1 billion. 67 68 Thiel, by then a board member of Facebook, indicated that Facebook's internal valuation was around 8 billion based on their projected revenues of 1 billion by 2015, comparable to viacom's mtv brand, a company with a shared target demographic audience. 69 On July 17, 2007, zuckerberg said that selling Facebook was unlikely because he wanted to keep it independent, saying "We're not really looking to sell the company. We're not looking to ipo anytime soon.
Petroleum, history, society, statement of, purpose
The investment was originally in the form of a convertible note, to like be converted to equity if Facebook reached.5 million users by the end of 2004. Although Facebook narrowly missed the target, Thiel allowed the loan to be converted to equity anyway. 59 Thiel said of his investment: "I was comfortable with them pursuing their original vision. And it was a very reasonable valuation. I thought it was going to be a pretty safe investment." 59 Accel investment (Series A) edit In April 2005, Accel Partners agreed to make.7 million venture capital investment in a deal that valued Facebook at 98 million. Accel joined Facebook's board, and the board was expanded to five seats, with Zuckerberg, Thiel, and Breyer in three of the seats, and the other two seats currently being empty but with Zuckerberg free to nominate anybody to those seats. 60 Greylock investment (Series B) edit In April 2006, facebook closed its Series B funding round. This included.5 million from a number of venture capitalists, including Greylock partners and Meritech Capital, plus additional investments from Peter Thiel and Accel Partners. The valuation for this round was about 500 million. A leaked cash flow statement showed that during the 2005 fiscal year, facebook had a net gain.66 million. 63 Sales negotiations edit with the sale of social networking website myspace to news Corp on July 19, 2005, rumours surfaced about the possible sale of Facebook to a larger media company.
55 First angel investment edit In the summer of 2004, venture capitalist Peter Thiel made a 500,000 angel investment in the social network facebook for.2 of the company and joined Facebook's board. This was the first outside investment in Facebook. In his book the facebook effect, kirkpatrick outlines the story of how Thiel came to make his investment: Former Napster and Plaxo employee sean Parker, who at the time had assumed the title of "President" of Facebook, was seeking investors for Facebook. Parker approached reid garden Hoffman, the ceo of work-based social network linkedIn. Hoffman liked Facebook but declined to be the lead investor because of the potential for conflict of interest with his duties as LinkedIn ceo. He redirected Parker to peter Thiel, whom he knew from their paypal days (both Hoffman and Thiel are considered members of the paypal Mafia ). Thiel met Parker and Mark zuckerberg, the harvard college student who had founded Facebook and controlled. Thiel and Zuckerberg got along well and Thiel agreed to lead Facebook's seed round with 500,000 for.2 of the company. Hoffman and Mark pincus also participated in the round, along with maurice werdegar who led the investment on behalf of Western Technology Investment.
Yahoo had threatened to sue facebook a month before the filing, insisting that the social network license its patents. A spokesperson for Facebook issued a statement saying "We're disappointed that Yahoo, a long-time business partner of Facebook and a company that has substantially benefited from its association with Facebook, has decided to resort to litigation". 51 The lawsuit claims that Yahoo's patents cover basic social networking ideas such as customizing website users' experiences to their needs, adding that the patents cover ways of targeting ads to individual users. 52 In 2012, facebook app Center, an online mobile store, was rolled out. The store initially had 500 Facebook apps which were mostly games. 53 On April 24, 2014, facebook and Storyful announced a new feature called fb newswire. 54 Financials the edit Initial funding edit facebook was initially incorporated as a florida llc. For the first few months after its launch in February 2004, the costs for the website operations for m were paid for by mark zuckerberg and Eduardo saverin, who had taken equity stakes in the company. The website also ran a few advertisements to meet its operating costs.
These started as group pages, but a new concept called company pages was planned. 45 In October 2008, facebook announced that it would set up its international headquarters in Dublin, ireland. 46 In 2010, facebook began to invite users to become beta testers after passing a question-and-answer-based selection process, 47 and a set of Facebook engineering puzzles where users would solve computational problems which gave them an opportunity to be hired by facebook. 48 As of February 2011, facebook had become the largest online photo host, being cited by facebook application and online photo aggregator Pixable as expecting to have 100 billion photos by summer 2011. 49 As of October 2011, over 350 million users accessed Facebook through their mobile phones, accounting for 33 of all Facebook traffic. 50 On March 12, 2012, yahoo filed suit in. Federal court against Facebook weeks before the scheduled Facebook initial public offering. In its court filing, yahoo said that Facebook had infringed on ten of its patents covering advertising, privacy controls and social networking.
Sample, statement of, purpose - art, history
This expansion continued when it opened to all ivy league and Boston-area schools. It gradually reached most universities in the United States and Canada. Facebook was incorporated in the summer of 2004, and the entrepreneur sean Parker, who had been informally advising Zuckerberg, became the company's president., facebook moved its base of operations to palo Alto, california. The company dropped The from its name after purchasing the domain name m in 2005 for 200,000. 25 by december 2005, thesis facebook had 6 million users.
26 Facebook edit total active users N 1 Date Users (in millions) days later Monthly growth N 2 February 4, 2004 0 world — — august 26,665 178.38 April 8,.33 September 15,.38 February 5,.99 July 21,.52 January 5,.57 may 30,.45 September 22,.73 April 24,.74 September. Facebook launched a high school version in September 2005, which Zuckerberg called the next logical step. 42 At that time, high school networks required an invitation to join. 43 Facebook later expanded membership eligibility to employees of several companies, including Apple Inc. 44 On December 11, 2005, universities in Australia and New zealand were added to the facebook network, bringing its size to 2,000 colleges and 25,000 high schools throughout the United States, canada, mexico, the United Kingdom, australia, new zealand, and Ireland. Facebook was then opened on September 26, 2006 to everyone aged 13 and older with a valid e-mail address. 6, facebook had 100,000 business pages, allowing companies to attract potential customers and tell about themselves.
According to his roommate, dustin Moskovitz, "When Mark finished the site, he told a couple of friends. Then one of them suggested putting it on the kirkland house online mailing list, which was. Three hundred people." Moskovitz continued to say that, by the end of the night, we were. Actively watching the registration process. Within twenty-four hours, we had somewhere between twelve hundred and fifteen hundred registrants." 17 Just six days after the launch of the site, three harvard University seniors, cameron Winklevoss, tyler Winklevoss, and divya narendra, accused Zuckerberg of intentionally misleading them into believing that he would. 18 The three complained to the Crimson, and the newspaper began an investigation.
Zuckerberg knew about the investigation so he used m to find members in the site who identified themselves as members of the Crimson. He examined a history of failed logins to see if any of the Crimson members have ever entered an incorrect password into. In the cases in which they had failed to log in, mark tried to use them to access the Crimson members' harvard email accounts, and he was successful in accessing two of them. In the end, three crimson members filed a lawsuit against Zuckerberg which was later settled. 18 19 Membership was initially restricted to students of Harvard University. Within the first month, more than half the undergraduate population at Harvard was registered on the service. 20 Zuckerberg was soon joined in the promotion of the site by Eduardo saverin (business aspects dustin Moskovitz (programmer Andrew McCollum (graphic artist and Chris Hughes. In March 2004, facebook expanded to Stanford, columbia, and Yale.
Statement of, purpose - davidson College - acalog acms
12 13 A " face book " is a student directory featuring photos and basic information. 10 In 2003, there were no universal online facebooks at Harvard, with only paper sheets distributed 14 and private online directories. 8 15 Zuckerberg told the Crimson that "Everyones been talking a lot about a universal face book within Harvard. I think its kind of silly that it would take the University a couple of years to get around. I can do it better than they can, and I can do it in a week." 15 In January 2004, lab zuckerberg began writing code for a new website, known as "TheFacebook with the inspiration coming from an editorial in the Crimson about Facemash, stating that. The benefits are many." 9 On February 4, 2004, zuckerberg launched "TheFacebook originally located. 16 Zuckerberg also stated his teresa intention to create a universal website that can connect people around the university.
choose the hotter person". 8, facemash attracted 450 visitors and 22,000 photo-views in its first four hours online. 10, the site was quickly forwarded to several campus group list-servers, but was shut down a few days later by the harvard administration. Zuckerberg faced expulsion and was charged by the administration with breach of security, violating copyrights, and violating individual privacy. Ultimately, the charges were dropped. Zuckerberg expanded on this initial project that semester by creating a social study tool ahead of an art history final exam. He uploaded all art images to a website, each of which was featured with a corresponding comments section, then shared the site with his classmates, and people started sharing notes. 11 On October 25, 2010, entrepreneur and banker Rahul jain auctioned off m to an unknown buyer for 30,201.
The website allowed visitors to compare two female student pictures side-by-side and let them decide who was hot or not. 8, while writing the software, mark zuckerberg wrote the following blog entries: 9, i'm a little intoxicated, not gonna lie. So what if it's not even 10 pm and it's a tuesday night? Kirkland dormitory facebook is open on my desktop and some of these plan people have pretty horrendiedous facebook pics. I almost want to put some of these faces next to pictures of some farm animals and have people vote on which is more attractive. — 2:49 pm, yea, it's. I'm not exactly sure how the farm animals are going to fit into this whole thing (you can't really ever be sure with farm animals.
Statement of, purpose, personal, history, diversity - the GradCafe
Facebook is a social networking service launched on February 4, 2004. It was founded. Mark zuckerberg with his college roommate and fellow. Harvard study University student, eduardo saverin. 1, the website's membership was initially limited by the founders to harvard students, but was expanded to other colleges in the boston area, the. Ivy league, and gradually most universities in the United States and Canada, 3 4 corporations, 5 and by september 2006, to everyone with a valid email address along with an age requirement of being 13 and older. 6 7, contents, faceMash edit, faceMash, facebooks predecessor, opened in 2003. Mark zuckerberg, he wrote the software for the facemash website when he was in his second year of college. The website was set up as a type of "hot or not" game for Harvard students.